Gold posts biggest loss in four weeks as chances of Brexit ebb

June 21, 2016

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Gold posted the biggest loss in four weeks on speculation that a vote by Britons to stay in the European Union in Thursday’s referendum will undercut demand for the metal as a haven. Silver also fell, and copper rallied.

While newer polls have been split on the outcome, betting shops put the probability of a vote to leave the European Union at about 26% Tuesday, down from more than 40% a week earlier, according to Oddschecker data.

Category: General